Yahoo Finance 
Hock Lian Seng 2Q continues to show Growth
Hock Lian Seng Holdings Limited announced its 2Q results. 1H revenue was up 338.9% year-on-year to $125.3 million while 1H PAT was up 476.1% year-on-year to $20.9 million. This was attributed to the recognition of revenue from the sales of its industrial property developments. There was also a pickup in the progress in some of its civil engineering projects. These include Maxwell Station for the Thomson Line and development work for Changi Airport. Going forward, Hock Lian Seng will continue to tender competitively for large infrastructure projects and explore opportunities in the property-related segment. Its orderbook as of 30 Jun 2015 stands at $430 million.
GET TO THE POINT : There are quite a few road, rail and airport infrastructure projects on the horizon. Looks like Hock Lian Seng, with their Civil Engineering expertise, will be a beneficiary of this infrastructure spending.
(Picture from Hock Lian Seng Holdings Limited)
Related Articles:
The post Hock Lian Seng 2Q continues to show Growth appeared first on Asean Equities Review.
